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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating Activities    
Net income $ 33,567 $ 12,640
Adjustments to reconcile net income to net cash provided (used) by operating activities    
Deferred income taxes 6,894 (676)
Provision for credit losses 863 4,489
Depreciation and amortization 7,663 4,271
Amortization and accretion of premiums/discounts on investment securities 377 853
Amortization of operating lease right-of-use assets (72) 11
Share-based compensation expense 1,247 714
Purchase accounting accretion, net (17,438) (1,250)
Originations of loans held for sale (113,267) (154,739)
Proceeds on loans held for sale 115,851 131,532
Realized loss (gain) on mortgage loans sold (4,405) (3,497)
Servicing rights capitalized upon sale of mortgage loans (101) 0
(Increase) in value of bank-owned life insurance (370) (337)
Realized loss (gain) on sale of premises and equipment 84 0
Realized loss (gain) on derivative instruments (484) (913)
Realized loss (gain) on sale of foreclosed assets 21 1
Change in fair value of mortgage servicing rights 835 0
Realized loss (gain) on servicing rights 0 (134)
Net change in:    
Accrued interest receivable (809) (1,177)
Other assets (2,247) (1,335)
Accrued expenses and other liabilities (9,800) 8,799
Net cash provided (used) by operating activities 18,409 (748)
Investing Activities    
Proceeds from sales of trading investment securities 5,450 7,443
Purchases of trading investment securities (3,729) (10,211)
Proceeds from sales or calls of investment securities available-for-sale 19,000 0
Proceeds from maturities of investment securities available-for-sale 46,759 22,384
Proceeds from calls of investment securities held-to-maturity 146 251
Proceeds from maturities and paydowns of investment securities held-to-maturity 11,262 12,209
Proceeds from sale of non-mortgage loan held for sale 12,331 0
Net (increase) decrease in loans (102,662) (157,687)
Net (increase) decrease in FHLB stock (4,504) 4,952
Purchases of BOLI (2,210) (1,935)
Purchases of premises and equipment (5,185) (4,566)
Proceeds from sales of foreclosed assets 484 36
Net cash provided (used) by investing activities (22,858) (127,124)
Financing Activities    
Net increase (decrease) in deposits (40,942) 202,964
Net increase (decrease) in short-term borrowings 75,640 240,830
Repayments of long-term debt 0 1
Cash dividends paid on common stock (10,408) (7,519)
Repurchase of common stock (176) (156)
Net cash provided (used) by financing activities 24,114 436,120
Net change in cash and cash equivalents 19,665 308,248
Cash and cash equivalents at beginning of period 61,239 129,893
Cash and cash equivalents at end of period 80,904 438,141
Supplemental Cash Flow Disclosures    
Interest paid 57,569 47,719
Income taxes paid 501 174
Cash dividends declared, not paid 5,336 3,962
Supplemental Disclosures of Noncash Investing and Financing Activities    
Loan collateral transferred to foreclosed assets (1,235) (5)
Right-of-use assets obtained in exchange for new operating lease liabilities, net 66 318
Change in fair value hedges presented within residential real estate loans and other assets 0 143
Loans transferred to non-mortgage loans held for sale $ 62,491 $ 0